Will Ecuador Join the Axis of Outcasts?

What do you get when you cross a Venezuelan Bolivarian with an Argentine Peronist? Answer: a power-hungry demagogue who doesn't believe in paying debts.

That would be funnier if just such a hybrid -- Rafael Correa -- hadn't recently popped up as Ecuador's leading presidential candidate for the Oct. 15 election. Polls out this week show that Mr. Correa has surged from a distant third place only one month ago to first place, 10 percentage points ahead of his closest competitor. He is shy of what he needs for victory in the...